Ripple's recent victory in its lengthy legal battle with the SEC has led to increased interest in the cryptocurrency XRP among public companies.
Regulatory Influence on the Market
Pro-XRP lawyer Bill Morgan has pointed out multiple firms adding XRP to their balance sheets in recent filings. Following the SEC lawsuit, Ripple reached a settlement that is considered a major milestone for regulatory clarity in institutional investments.
Expansion of Corporate Portfolios
Quantum Biopharma Ltd announced the expansion of its cryptocurrency portfolio, adding XRP and Ethereum to its previous holdings like Bitcoin and Dogecoin. Companies like Worksport Ltd and Flora Growth Corp also began integrating XRP into their corporate assets as part of an inflation hedging strategy.
The Future of XRP in Corporate Holdings
Analysts suggest institutional demand for XRP might rise as more companies see it as a viable asset. Companies like Nasdaq-listed VivoPower are exploring opportunities to acquire XRP, which could lead to broader corporate adoption in the crypto space.
Ripple's legal victory and the growing interest in XRP among public companies create a favorable environment for further adoption of this cryptocurrency in the corporate sector.
